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Ethereum slips below $3,040 as weekly losses deepen
Ethereum extended its decline, falling over 14% weekly amid weak liquidity and shifting macro expectations, while Bitcoin stayed comparatively stable.
Crypto markets saw renewed pressure with Ethereum trading at $3,036.82, reflecting a 3.54% daily drop and nearly 15% weekly decline from last week’s $3,551 level. Traders cited profit-taking, shifting rate cut expectations, and lower liquidity post-holiday as drivers.